Gold sure had a wild trading day with the price initially spiking higher in racing to a new all-time high level of $2146.79. However, momentum faded in the price quickly rotated to the downside. The price is currently down $-44.33 or -2.14% at $2027.54. The low price for the day reached $2020.26. That low tested
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LONDON -Oil prices extended declines on Monday, pressured by investor scepticism over the latest OPEC+ decision on supply cuts and uncertainty surrounding global fuel demand, though the risk of supply disruptions from the Middle East conflict limited losses. Monday’s fall adds to a 2% decline last week after the supply cuts announced on Thursday by
Today’s markets are characterized by a sense of caution, with most major pairs and crosses gyrating inside Friday’s range. Japanese Yen is an exception as a stronger performer, although it has not yet seen significant follow-through buying. Dollar and the Euro are currently in a consolidation phase, with traders adopting a ‘wait and see’ approach.
IBM announced the unveiling of its 1,121-qubit “Condor” quantum computing processor on Dec. 4th. This is the company’s largest by qubit count and, arguably, the world’s most advanced gate-based, superconducting, quantum system. Alongside the new chip, IBM delivered an updated roadmap and a trove of information on the company’s planned endeavors in the quantum computing
Share: The Euro loses further ground against the US Dollar. European stocks trade with decent gains across the board. US Factory Orders surprised to the downside in October. The Euro (EUR) loses further grip against the US Dollar (USD), dragging EUR/USD to retreat to three-week lows around the 1.0820 region at the beginning of the
Headlines: Markets: JPY leads, AUD lags on the day European equities lower; S&P 500 futures down 0.4% US 10-year yields up 3.1 bps to 4.254% Gold down 0.1% to $2,069.43 WTI crude down 0.6% to $73.62 Bitcoin up 7.4% to $41,675 Gold and Bitcoin are the early movers to start the new week, both surging
Gold prices on Monday increased Rs 450 to hit a fresh record high of Rs 64,300 per 10 grams in the national capital amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 63,850 per 10 grams. However, silver remained flat at Rs 80,200 per kilogram.
Gold and Bitcoin are leading the charge in Asian markets today, with Gold breaking to a new record high and Bitcoin surpassing the 40000 mark. This surge contrasts with the mixed performance of Asian equity markets, where indices like Japan’s Nikkei and Hong Kong’s HSI experienced some pressure. The varied market reactions come at a
Share: The Japanese Yen kicks off the new week on a stronger note and touches a three-month high against the USD. A combination of factors tempers investors’ appetite for riskier assets and boosts demand for the safe-haven JPY. Dovish Fed expectations, falling US bond yields undermine the USD and exert downward pressure on USD/JPY. The
Data from Australia. Australia Company Gross Operating Profits (Q3) -1.3% q/q expected -0.5%, prior -13.1% Business inventories q/q 1.2%, this large build in inventories will adding notably to economic growth in Q3 (i.e. GDP) expected -0.6%, prior -1.9% Company Profits Pre-Tax 1.6% q/q prior -14.6% — Also monthly data, housing finance for October: Home Loans
Mumbai: Investors must brace for sharp swings in prices of gold after the recent run-up that pushed the precious metal to record levels on Friday. Fund managers and analysts said upside in gold could be limited hereon citing overbought levels and uncertainty over the pace at which central banks would cut interest rates. Silver would
“As part of the settlement, CZ cannot be involved in the day-to-day running of the company’s operations,” Richard Teng explains. Despite that, the incumbent CEO of Binance cuts the figure of a man reveling in the challenges ahead. Speaking to Cointelegraph just two weeks after taking over from outgoing CEO Changpeng ‘CZ’ Zhao, Teng seems
Share: EUR/GBP was seen at 0.856 with a downside movement of 0.70%, it lowest since early September. In the daily and 4-hour chart, indicators hit oversold conditions after a seven-day losing streak. The cross will also close a 1.40% weekly loss. In Friday’s session, the EUR/GBP pair was seen at 0.8560 after a downward rally
UPCOMING EVENTS: Monday: Switzerland CPI. Tuesday: Tokyo CPI, China Caixin Services PMI, RBA Policy Decision, Eurozone PPI, Canada Services PMI, US ISM Services PMI, US Job Openings. Wednesday: Australia GDP, Eurozone Retail Sales, US ADP, BoC Policy Decision. Thursday: China Trade data, Switzerland Unemployment Rate, US Challenger Job Cuts, US Jobless Claims. Friday: Japan Wage
Domestic gold surged to a fresh all-time high as the most active MCX near-month futures boomed to Rs 63350 per ten grams last week. Firm overseas prices, weak Indian rupee and expectations of an increase in jewelry demand and peak wedding season propelled the sentiment towards the metal. The Indian trade body is expecting business
Peter Szilagyi, the team lead of Ethereum, has expressed frustration over his alma mater’s lack of interest in providing opportunities for students to collaborate with Ethereum (ETH). In a series of posts on X (formerly Twitter), Szilagyi explained that he had always felt a lack of genuine interest when he returned to his old university
Share: The DXY Index is seen with losses around 103.15, after reaching a high of 103.70, above the 200-day SMA. Fed Chair Powell warned that the bank will hike again if needed, keeping its data-dependency approach. The US ISM Manufacturing PMI declined in November, as expected. Next week, the US will release November’s Nonfarm Payrolls